Malin Asset Management Secures $6.8 Million Refinance For Multifamily Portfolio In Los Angeles

The transaction involved a multifamily portfolio in Los Angeles, comprising a total of 53 units located at five different addresses: 6320 11th Avenue, 6611 South Victoria Avenue, 6545 South Victoria Avenue, 6735 Brynhurst Avenue, and 6411 South 8th Avenue. A refinance loan of $6,800,000 was secured for this portfolio, structured with a 15-year term and interest-only payments, without recourse.

Summary of transaction details:

• Property Type: Multifamily Portfolio
• Transaction Amount: $6,800,000
• Loan Type: Refinance
• Loan Terms: 15-Years / Interest-Only / Non-Recourse
• Landlord: Malin Asset Management
• Brokers: Marc Schillinger, Max Mraz & Keaton Yellin - JLL

Key individuals involved in this transaction include Malin Asset Management as the landlord, with Marc Schillinger, Max Mraz, and Keaton Yellin representing the deal through JLL, signifying their role as brokers in facilitating the refinancing process for the multifamily portfolio.